there's areas where the demographics of young people, whether it's in the chelsey area or williamsburg-brooklyn area, where people choose to live because the price point is more affordable, and all the sudden, the areas are booming. know the demographics, know who is buying in what areas. for instance, if you go to the suburbs in new york city or phoenix, the middle range homes have not recovered as have the commodity homes nor the luxuy homes. you have to know your spots. >> bruce, what's the biggest mistake made in the past year? >> i think the biggest mistake people made is they followed the news, and the news led, and the news lags reality. melissa: the media? >> it's not the media, but the fact of the matter is that three things are true. one, there's not much inventory. two, prices for rentals are at record highs, an, three, interest rates are at lows that they have never been before so the fact of the matter is if you qualify for credit, and, i mean, instead of being afraid of what zillow says or the schiller case says, be intelligent and thoughtful about it. this is probably as good an